Turkey: Fitch increases rating outlook to “positive”

Posted on 14 February 2011

Date: 24/11/2010
Turkey: Fitch increases rating outlook to “positive”

Fitch, the international rating agency, has increased Turkey‘s rating from “stable” to “positive” from “stable”.

Fitch believes Turkey’s economic recovery and improving public finances has given Turkey an improved rating.

Fitch said “The government is lengthening the maturity of its debt, thereby reducing market risk, while financing is supported by a deep local market, as well as strong current capital inflows”.

Fitch thinks Turkey’s economy will grow 8 percent this year, which is above the Turkish Government’s forecast for growth of 6.8 percent.

25 November 2010 (Invest in Turkey)

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